Institutions are using real money to draw an invisible bottom line for ETH

Bitmine is still 380k ETH away from the 5% target position, which is a publicly transparent on-chain commitment

When everyone knows that a huge buyer is entering in batches

The market's pricing logic will subtly change: every dip will be seen as an opportunity for institutions to build positions; every pullback will attract new buying interest

This "expectation" itself has become a support for ETH's price

And Hayes sold off HYPE yesterday and increased his ETH holdings today; these two transactions happening consecutively are very clear signals—he is re-evaluating the asset’s value hierarchy

HYPE accumulated a large amount of profit-taking after reaching a new high, while ETH, following the implementation of the Iran-U.S. agreement, is in a critical window shifting from "recovery" to "breakthrough"

Switching from HYPE to ETH is essentially shifting from "short-term speculation" to "mid-term positioning"

On-chain data also confirms the institutional logic: ETH ETF maintains a positive net inflow, the price stabilizes above 1,750, and trading volume remains healthy

This is a signal that institutional funds are re-pricing ETH

This cycle has just begun, and those institutions that have already entered are turning every pullback into an opportunity to build positions
$ETH $BTC $SPCX #Dual-line accumulation and increased holdings of ETH, institutions